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We estimate the dynamic effects of a high-frequency identified unionwide quantitative easing (QE) shock on real GDP, inflation and unemployment in all euro area countries. We document that the effects of QE are very heterogenous across countries as regards size, significance and timing,...
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. Recent empirical research shows that income and wealth inequalities in Eastern Europe since the fall of socialism increased … significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe … is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by …
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Einkommensverteilung, Haushaltsverschuldung, finanzieller Instabilität und der Entstehung von Finanzkrisen. Zwei Papiere beschreiben den …
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A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...
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